Oldnagger wrote: It is far from easy to explain a point of view that is based on a multiplicity of personal observations , deductions and even intuition. I have tried as best I could to explain my reasons over nigh the last two years. I have also endeavoured to incorporate ideas from others. But one thing always comes up and that is the fact that Crew is exceptionally cheap compared to any other investment on an asset basis,
What will make the market look at assets ? That is indeed the hard part especially in the present exceedingly negative environment.It may be improbable but certainly not impossible.
I do not expect to change the world by posting on Stock house. But that was never a reason for not having my say. Perhaps if I am right and one single person takes value from that , then I will be very happy. Conversely ........
I have forgotten to mention one important fact in my investment strategy to the readers. I have always looked for under priced assets and I have always owned a basket of such companies.
On top of that I use substantial amounts of leverage. Over a lifetime quite a few have blown up , but I also have a long list of multi baggers that more than compensate me for all the others.
So I do not see risk in the same light as most others do ; and I fully respect their points of view.
Best of luck to every one. Follow your own stars , that is all any of us can do !!
P.S.follow this twiiter link. you will see that RBC is forecasting 0.52 for Q2 multiply that by 11 to get my share price based on 1000 days of FCF
Chad Gehl on Twitter: "Another tough day. Looking forward to these dates #com #oott https://t.co/dQC4EjzmBN" / Twitter